É Form 10QSB for CHINA XIN NETWORK MEDIA CORP
20-Feb-2004
Capital Needs - CXN anticipates that it will be required to raise an additional $4 million to fund the current plan of growth and existing operations through June 30, 2004. The principal source of capital has been equity financing from investors and founders. Meeting the future financing requirements is dependent on access to equity capital markets. CXN may not be able to raise additional equity when required or may have to borrow on terms that may be dilutive to existing shareholders.
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